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When the European market opens, some economic data will be released such as ECB Monetary Policy Meeting Accounts, Spanish 10-y Bond Auction, French 10-y Bond Auction, PPI m/m, and Retail PMI. The US will release a batch of statistics such as Crude Oil Inventories, Natural Gas Storage, ISM Non-Manufacturing PMI, Final Services PMI, Unemployment Claims, ADP Non-Farm Employment Change, and Challenger Job Cuts y/y. So amid the reports, EUR/USD will move with low to medium volatility during this day.
TODAY'S TECHNICAL LEVELS:
Breakout BUY Level: 1.0590.
Strong Resistance:1.0583.
Original Resistance: 1.0573.
Inner Sell Area: 1.0563.
Target Inner Area: 1.0538.
Inner Buy Area: 1.0513.
Original Support: 1.0503.
Strong Support: 1.0493.
Breakout SELL Level: 1.0486.
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